IPO Society is excited to announce the upcoming quotation of Genesis Energy Limited’s (“GNE”) unsecured, subordinated green capital bonds on the NZX Debt Market. This quotation notice provides investors with essential details about these bonds, including their terms, opening and closing dates, and interest payment schedule.
Genesis Energy Limited is a prominent energy company based in New Zealand. The company is dedicated to providing reliable and sustainable energy solutions to its customers. With a focus on renewable energy sources, Genesis Energy plays a vital role in New Zealand’s transition to a greener future.
The quotation notice pertains to NZ$240 million unsecured, subordinated green capital bonds issued by Genesis Energy. These bonds will trade under the security code GNE080 and the ISIN NZGNEDG008C6. The bonds have a face value of NZ$1.00 each.
Offer Opening and Closing Dates:
The offer for Genesis Energy’s green capital bonds will open on Monday, June 26, 2023, and close at 10:30 am on Thursday, June 29, 2023. Investors interested in participating in this offering should carefully review the terms and conditions outlined in the official documentation.
Interest Rate and Payment Schedule:
The green capital bonds carry an interest rate of 6.50% per annum. Interest payments will be made on the 10th of January, April, July, and October of each year, starting from October 10, 2023, until the maturity date on July 10, 2053. Investors holding bonds on the record date, which is typically 10 calendar days before the interest payment date, will be eligible to receive interest payments.
Minimum Application Amount and Holding:
The minimum application amount for Genesis Energy’s green capital bonds is NZ$5,000. The minimum holding amount and transferable amount are also set at NZ$5,000 and NZ$1,000, respectively. Investors should ensure they meet the minimum requirements before participating in the offering.
Supervisor, Joint Lead Managers, and Registrar:
Trustees Executors Limited will serve as the supervisor for the green capital bonds. The joint lead managers for the offering are Bank of New Zealand, Craigs Investment Partners Limited, and Forsyth Barr Limited. Computershare Investor Services Limited (“RMLT”) will act as the registrar for the bonds.
The settlement of Genesis Energy’s green capital bonds will be facilitated through the NZCDC Settlement System, ensuring a secure and efficient transaction process.
The quotation of Genesis Energy Limited’s green capital bonds on the NZX Debt Market presents an attractive investment opportunity for those seeking sustainable investment options. As always, IPO Society encourages investors to review the official documentation, consult with financial advisors, and make informed decisions based on their investment objectives and risk tolerance.
Genesis Energy’s commitment to renewable energy and the potential for steady interest payments make these green capital bonds an appealing choice for investors. Take note of the offer opening and closing dates, familiarize yourself with the bond terms, and be ready to participate in this offering. The quotation of GNE080 green capital bonds on Monday, July 10, 2023, marks the beginning of a new investment opportunity in the renewable energy sector.
Stay informed and seize the chance to support Genesis Energy’s sustainable initiatives while potentially benefiting from long-term returns on your investment.